Tuesday, May 31, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Computex: New Dell 10 2-in-1 Laptops Are Starting At $249
Computex: Intel Launches 10-core Core i7 Processor Extreme Edition And Xeon Processor E3-1500v5 Family
Samsung Rolls Out First 512-Gigabyte NVMe SSD in Ultra-small BGA Package
Computex: Qualcomm Debuts The Snapdragon Wear 1100 Processor for Wearables
Computex: Patriot Announces New Spark SSD
Patriot Announces 2TB Ignite SSD
ASUS Presents Zenvolution at Computex 2016
MediaTek Introduces Pump Express 3.0 Battery Charging Solution
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Univers...
Last 7 Days News : SU MO TU WE TH FR SA All News

Saturday, November 12, 2011
Universal, Sony to Buy EMI For $4.1 billion


EMI Group Ltd. is being split and sold for $4.1 billion. Buyers are Sony Universal Music and Sony/ATV.

Universal Music Group said Friday that it will pay $1.9 billion for the recording division, joining Universal artists including Lady Gaga and Eminem with EMI superstars such as David Guetta and Lady Antebellum.

An investor group led by Sony Corporation of America/ATV in conjunction with the Estate of Michael Jackson; Mubadala Development Company PJSC; Jynwel Capital Limited; the Blackstone Group's GSO Capital Partners LP; and David Geffen announced a separate deal Friday to pay $2.2 billion for EMI's publishing division from a wholly-owned subsidiary of Citigroup, Inc..

Sony Corporation of America will invest approximately $325 million and, in conjunction with the Estate of Michael Jackson, own approximately 38% of the newly formed entity that will acquire EMI Music Publishing, with an ability to increase the investment and ownership up to 40%.

The transaction is subject to certain closing conditions, including regulatory approvals. Following the acquisition, Sony/ATV Music Publishing and its management team will help oversee EMI Music Publishing on behalf of the Group.

EMI Music Publishing is a popular music publisher with a vast collection of musical compositions and a roster of songwriters. The business represents and administers one of the world's most comprehensive catalogs of over 1.3 million music copyrights covering all genres, periods and territories of the world.

EMI Music Publishing represents music industrynames including Beyone, Drake, Jay-Z, Norah Jones, Alicia Keys, Pink, Scissor Sisters, Rihanna, Stargate, Usher, Kanye West, Pharrell Williams, Tinie Tempah, Duffy, Arcade Fire, Dallas Davidson, Don Omar, Alan Jackson and Hillary Scott.

The two-part sale, if approved by regulators, would further increase Universal Music's dominance in recorded music and springboard Sony/ATV into the top spot as a music publisher.

Both deals are expected to be reviewed in Europe, the U.S., Japan and Australia.


Previous
Next
Blu-ray Sales Continues To Grow As Q4 Begins        All News        October Game Sales Slightly Rise, Xbox 360 Remains No 1 Console In The U.S.
SK Telecom to Buy Hynix     General Computing News      Facebook To Settle Privacy Probe With FTC

Get RSS feed Easy Print E-Mail this Message

Related News
Sony Sees Flat Annual Growth Due To Recent Quake Damages
Sony Improves Commercial LED Display Concept With New CLEDIS Technology
Sony Joins Forces with Cogitai to Conduct Research and Development for Artificial Intelligence
Sony To Resume Wafer Processing Operations After Earthquake
Sony Releases New Home Audio Products
Sony Reports Loss But PlayStation Keeps Performing Well
SK Hynix To Reduce Investments In Memory Chips
Sony Confirms Manufacturing Operations Disruptions Following Kumamoto Earthquakes
Sony's Second Generation Optical Disc Archive System Is Faster And Goes Up to 3.3 TB
Kyushu Quakes Trouble Japan's Economy
Sony Develops Ghost-catching Device
Sony Wants To Bring Playstation Games In Mobiles Through New Company

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .